Abbreviated Company Accounts - ONE FIVE SIX MANAGEMENT COMPANY (CHESTER) LIMITED

Abbreviated Company Accounts - ONE FIVE SIX MANAGEMENT COMPANY (CHESTER) LIMITED

ONE FIVE SIX MANAGEMENT COMPANY (CHESTER) LIMITED - Company Information

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Registered Number 03931289

ONE FIVE SIX MANAGEMENT COMPANY (CHESTER) LIMITED

Abbreviated Accounts

31 December 2013

ONE FIVE SIX MANAGEMENT COMPANY (CHESTER) LIMITED Registered Number 03931289

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 3 110,515 112,917
110,515 112,917
Current assets
Debtors - 6
Cash at bank and in hand 43,546 31,701
43,546 31,707
Creditors: amounts falling due within one year (1,733) (1,031)
Net current assets (liabilities) 41,813 30,676
Total assets less current liabilities 152,328 143,593
Creditors: amounts falling due after more than one year (125,000) (125,000)
Total net assets (liabilities) 27,328 18,593
Reserves
Other reserves 57,940 42,440
Income and expenditure account (30,612) (23,847)
Members' funds 27,328 18,593
  • For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 September 2014

And signed on their behalf by:
Mr T Maunder, Director

ONE FIVE SIX MANAGEMENT COMPANY (CHESTER) LIMITED Registered Number 03931289

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Other accounting policies
AGENT - INCOME AND EXPENDITURE ACCOUNT

The company has no income or expenditure in its own right, other than interest payable on loan notes and depreciation charges on the freehold property. The majority of transactions in the year relates to the maintenance of the common parts in accordance with the lease.

The company acts as an agent for the leaseholders only.

Income and expenditure arising from these transactions is shown in a separate service charge account for the property that does not form part of the annual accounts of the company and are not filed at Companies House.

All Service charge monies received from the residents of 156 Foregate Street are held in trust for the residents.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets
£
Cost
At 1 January 2013 120,123
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2013 120,123
Depreciation
At 1 January 2013 7,206
Charge for the year 2,402
On disposals -
At 31 December 2013 9,608
Net book values
At 31 December 2013 110,515
At 31 December 2012 112,917